Bangladesh launches first green bond
With the World Bank celebrating the success of a solar home system installation program which has provided electricity to an estimated 20 million people, an NGO has floated a near-$12 million environmental investment which could drive further PV capacity.
The weekend read: Should solar developers take notice of ESG criteria?
Something is brewing in the financial world. “Sustainable finance” and the growth of ESG funds have been taking the market by storm in recent years. Since most major PV projects end up needing investors from the capital market, it is only a matter of time before they will have to adapt. The beginning of March 2021 saw a milestone reached in this process.
Chinese solar company highlights credit downgrades of state-owned entities
A record number of defaults last year has spooked some lenders, according to Solargiga, but the solar manufacturer has announced ambitious plans to ramp production capacity this year and next.
Egyptian government signs deal to buy power from 200 MW of Kom Ombo project
Saudi power company ACWA Power today revealed it has signed a 25-year power purchase agreement with the Egyptian Electricity Transmission Company and said development was on track for generation to start before October next year.
Further hitch in GCL-Poly annual results
The poly making parent company says it needs extra time to finalize its 2020 figures so trading in the stock appears likely to remain suspended for the rest of the week. GCL is due to complete the paperwork related to a proposed debt restructure this month.
Trina became world’s third biggest panel supplier in 2020
The Chinese giant overhauled JA Solar by moving almost 16 GW worth of modules, with the 600 W-plus, 210mm-wafer-based Vertex range it launched last year having already sold 10 GW of units.
Xinte highlights Chinese polysilicon ‘oligopoly’
The TBEA-owned poly manufacturer has predicted further consolidation as it aims to ramp up output with another 100,000 tons of annual production capacity.
Bangladeshi garment makers advance efforts to go green
The government’s clean power department has signed a co-operation agreement with a major clothing industry trade body in a bid to drive net-metered solar rooftop installation.
Greece’s recovery plan to invest €10bn in clean energy
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
Shunfeng prepares to sell golden goose to keep creditors at bay
The solar developer is preparing to sell off its most profitable operation and is reliant on the goodwill of creditors as it plans to divest more of its Chinese solar projects.
